Tishman Speyer and PSP Investments acquire Espace Lumière in Boulogne Billancourt

Tishman Speyer and PSP Investments acquire Espace Lumière in Boulogne Billancourt

PARIS, FRANCE, November 4, 2020  Tishman Speyer and the Public Sector Pension Investment Board (PSP Investments), the JV, yesterday announced that they have acquired Espace Lumière in Boulogne Billancourt from a fund managed by Invesco Real Estate. This iconic 28,000 m² building is the work of Christian de Portzamparc, leading French architect and urban planner. Since its opening in 2000 it has been occupied by Canal +. 


Philippe Joland, Senior Managing Director and President of Tishman Speyer France: « We are delighted with this acquisition in such a special context. With the planned departure of Canal + in 2022, we will be keen to reposition this magnificent building at the entrance to the city of Paris. »


With such large private outdoor areas, this human-scale campus will perfectly meet the new needs of users in terms of health and well-being, but also flexibility and efficiency. 


« Our ambition is to make this a genuine positive destination property for its future occupiers by 2024. »


The JV was advised by Etude Allez, Paul Hastings and Lacourte Raquin Tatar. Financing advisory was provided by Eastdil Secured and technical consultancy by Arcadis. 

Invesco was advised by Wargny Katz, Linklaters, PWC, Strategies & Corp and JLL. 


Financing was provided by Aareal who was advised by Etude Allez and Archers. 




About Tishman Speyer 


Tishman Speyer is a leading owner, developer, operator and investment manager of first-class real estate in 27 key markets across the United States, Europe, Asia and Latin America. We develop, build and manage premier office, residential and retail spaces for industry-leading tenants, as well as state-of-the-art life science centers through our Breakthrough Properties venture. With global vision, on-the-ground expertise and a personalized approach, we are unparalleled in our ability to foster innovation, quickly adapt to global and local trends and proactively anticipate our customers’ evolving needs.  By focusing on health and wellness, enlightened placemaking and customer-focused initiatives such as our tenant amenities platform, ZO., and our flexible space and co-working brand, Studio, we tend not just to our physical buildings, but to the people who inhabit them on a daily basis. Since our inception in 1978, Tishman Speyer has acquired, developed, and operated 424 properties, totaling 184 million square feet, with a combined value of approximately $97 billion (U.S.). Our current portfolio includes such iconic assets as Rockefeller Center in New York City, The Springs in Shanghai, TaunusTurm in Frankfurt and the Mission Rock neighborhood currently being realized in San Francisco. 


About PSP Investments 


PSP Investments is one of Canada’s largest pension investment managers with approximately $169.8 billion of net assets as of March 31, 2020. It manages a diversified global portfolio of investments in public financial markets, private equity, real estate, infrastructure, natural resources and private debt. Established in 1999, PSP Investments manages net contributions to the pension funds of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montreal and offices in New York, London and Hong Kong. For more information, visit or follow PSP Investments on Twitter and LinkedIn.